The Service I received from the Orders and Customer Service Team was very professional. Their responses were very quick and actioned on immediately.

Mr Gueorgui TzvetanovSenior ManagerERGO Austria International AG

The Research and Markets’ customer support team provided me with timely and immediate responses and delivered exactly the information that I was looking for – great job. Thank you very much. I would recommend them to anybody who is looking for market research data.

Great customer service and super responsive. I was having issues with my payment method but Claire in customer service was super responsive to help several times until the issue was entirely resolved. Great job

Mr Detlef RethagePresidentNitto Avecia Inc

The reports ordered are of good quality and are relevant to our business needs.

Mr Etienne AdriansenSenior Director Business EvaluationLEO Pharma

Thank you for all of your help! I think your service is excellent. It is an easy platform to order interesting reports.

Mr Tomi AmberlaConsultantPöyry Management Consulting

The team at Research and Markets are first rate. Their market intelligence is relevant and accurate and the customer service fast, responsive and dependable. I always benefit from knowledge gained from their comprehensive studies and will continue to utilize their services.

Ms Liz DickinsonCEOPhysical Enterprises Inc

I have bought reports from other sources but the report that I bought from Research and Markets was the most detailed of the lot. Their customer service was excellent and I was able to get the report without any fuss.

Mr Naveed KamalAsst Manager: Business DevelopmentRangs Group Ltd

Celebrating 15
years in business
by partnering
with UNICEF for education

FEATURED COMPANIES

South Korean Spirits sector accounted for a volume share of 5.9% of the global market and 9.4% of the regional (Asia-Pacific) market, in 2016. The sector is expected to grow at a CAGR of 6.4% during 2016-2021. A rising rate of employment and increasing demand for premium and high-quality spirits are key growth drivers for the Spirits sector in South Korea. Per capita consumption stood at 34.2 liters compared to the global and Asia-Pacific levels of 6.4 liters and 6.2 liters, respectively, in 2016.

Specialty Spirits was the largest with value sales of ?8,653,506.0 Million (US$7459.6 Million) in 2016. Vodka is expected to grow the fastest at a CAGR of 16% compared to Brandy, Liqueurs, Rum, Tequila & Mezcal (2%), Whiskey and Gin & Genever (-2%).

On-trade transactions accounted for the largest volume share of 49.9% in the distribution of Spirits. It was followed by Food & Drinks Specialists and Hypermarkets & Supermarkets with shares of 44% and 4.9%, respectively, in the same year. Glass is the most commonly used package material in the South Korean Spirits sector. In 2016, it accounted for a volume share of 99.577%, followed by Rigid Plastics and Rigid Metal with shares of 0.419% and 0.003% respectively.

Consumption of Spirits was higher among the male population in 2016 compared to females. Consumption of Spirits was also high among South Korean consumers who received Tertiary education school in the same year. In terms of consumption by age group, Older Consumers and Older Young Adults together accounted for a 45% share in 2016. Jinro is the leading brand in the South Korean Spirits sector. The top five brands in the South Korean Spirits sector accounted for 87% volume share in 2016.

The report "Country Profile: Spirits Sector in South Korea" provides insights on high growth markets to target, trends in the usage of packaging materials, category level distribution channel data and market share of brands.

In particular, this report provides the following:

Market data: Overall market value and volume data with growth analysis for 2011-2021. The overall market value and volume included in the report is split on the basis of On-trade and Off-trade

Category coverage: Value and growth analysis for Brandy, Gin & Genever, Liqueurs, Rum, Specialty Spirits, Tequila & Mezcal, Vodka, and Whiskey with inputs on individual category share within each market and the change in their market share forecast for 2016-2021

Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016

The Spirits sector in South Korea is forecast to grow at 6.4% CAGR in value terms during 2016-2021

Per capita consumption of Specialty Spirits is high in South Korea compared to global and regional levels

On-trade transactions accounted for the leading share in the distribution of Spirits in South Korea

Jinro accounts for the leading share in the South Korean Spirits sector

Glass is the most commonly used package material in the South Korean Spirits sector.

Reasons to buy

Identify high potential categories and explore further market opportunities based on detailed value and volume analysis

Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities

Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning

Access the key and most influential consumer trends driving Spirits consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target

Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion

The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector

Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.